Question

Suppose you deposit $1,000 in one year, $2,000 in two years, and $4,000 in three years. Assume a 4 percent interest rate throughout.
a. How much will you have in five years?
b. Suppose you plan to withdraw $1,500 in four years and there is no penalty for early withdrawal. How much will you have in five years?


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  • CreatedMarch 27, 2015
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